Capital Modeling Lead, P&C Insurance

This is a fully remote position, open to applicants in Alabama, +42 more states.

📋 Description

• Enhance the internal economic capital modeling and analytics capabilities at CSAA Insurance Group.

• Comprehend, replicate, challenge, modify, and independently construct economic capital models utilizing the existing ReMetrica-based model.

• Design and develop stochastic models that incorporate underwriting, reserves, catastrophe, investments, credit, reinsurance, and other significant risks.

• Assess VaR, TVaR, tail-risk measurement, diversification, capital attribution, dependency structures, and correlations.

• Conduct sensitivity, scenario, stress, and parameter uncertainty analyses.

• Create methodologies for marginal, incremental, diversified, and enterprise capital allocation.

• Collaborate with teams in Reinsurance, Investments, Product Management, catastrophe modeling, Actuarial, FP&A, and Enterprise Risk Management.

• Analyze capital relief, reinsurance frameworks, asset allocation, growth strategies, geographic concentration, underwriting practices, catastrophe exposure, and portfolio adjustments.

• Assist in capital projections, stress testing, strategic planning, risk-adjusted profitability, and return on risk-adjusted capital evaluations.

• Establish reproducible and controlled modeling processes that include automated validation, testing, reconciliation, version control, and change management.

• Document methodologies, assumptions, architecture, limitations, and changes in models.

• Provide independent technical critique and support for model validation, ORSA, rating agency, regulatory, and management discussions.

• Clearly differentiate experimental/internal analyses from official capital model outputs.

⛳️ Requirements

• Bachelor’s degree in a relevant field or an equivalent combination of education and experience.

• Over 10 years of relevant experience, including substantial experience in P&C insurance economic capital modeling, enterprise risk modeling, or closely related quantitative insurance modeling.

• Demonstrated ability to design or construct stochastic insurance models.

• Strong grasp of Monte Carlo simulation, probability distributions, VaR and TVaR, dependency and correlation modeling, diversification, capital attribution, and parameter/model uncertainty.

• Solid understanding of P&C underwriting and reserve risks.

• Experience in integrating catastrophe model outputs into economic capital or other stochastic insurance models.

• Knowledge of reinsurance structures and their effects on loss distributions and capital.

• Familiarity with investment market and credit risk in the context of an insurer's balance sheet.

• Proficient programming skills in Python, R, or another quantitative programming language.

• Capability to manage large datasets and develop repeatable analytical processes.

• Ability to convey complex quantitative concepts to nontechnical business leaders.

• Candidates must have authorization to work indefinitely in the US; CSAA does not offer visa sponsorship.

• Willingness to travel as necessary for divisional/team meetings and other in-person engagements.

🏝️ Benefits

• Eligibility for an annual bonus through the Annual Incentive Plan (AIP), up to 15% of eligible pay.

• 401(k) plan with a company match.

• Opportunities for career growth, mentoring, and professional development.

• Remote-first flexible workplace and home-flex work options.

• Flexibility to work from various locations, including CSAA offices.

• Access to employee resource groups, mentoring, volunteering, and cross-functional projects.

• Reasonable accommodations for qualified applicants and employees with disabilities.